Saturday, September 19, 2026
Italy has published Legislative Decree No. 117 of 19 June 2026 in the Official Gazette, introducing a new consolidated Income Tax Code (Testo Unico delle disposizioni legislative in materia di imposte sui redditi) that will apply from 1 January 2027. The decree is part of the country’s wider tax reform programme under Law No. 111/2023....
The Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 9/2026 on 1 Jul 2026, clarifying whether a Singapore-incorporated company qualifies as an excluded entity under Section 10L of the Income Tax Act 1947. The ruling concerns the tax treatment of gains from the disposal of foreign assets received in Singapore. Entity...
Canada’s Department of Finance has launched pre-budget consultations on 6 July 2026, inviting Canadians to provide input on the government’s spending and policy priorities before the budget is presented this autumn. The government said submissions will help inform policy decisions for Budget 2026 and shape its broader priorities. According to the Department of Finance, Budget...
Nigeria’s Joint Revenue Board published the Presumptive Tax Regulations, 2026, which were originally issued in the Official Gazette on 13 May 2026 and took effect from 1 January 2026. The Nigeria Presumptive Tax Regulations, 2026, serve as a formal legal framework designed to standardise tax collection for individuals and businesses within the informal sector. The...
Turkey’s Tax Administration has issued General Communiqué No. 26, providing final guidance on the corporate income tax amendments introduced by Law No. 7577 and Law No. 7582. The Communiqué, which entered into force on 4 July 2026, confirms the reduced corporate income tax regime for qualifying manufacturers and agricultural producers and includes practical explanations on...
Panama’s tax authority (DGI) has announced the approval of a new version of the transfer pricing information return (Form 930 – Version 3) under Resolution No. 201-4247 of 16 June 2026, published in the Official Gazette on 1 July 2026. The resolution replaces Form 930 version 2.0 with version 3 and must be used for...
The Spanish Tax Agency has launched the 2025 Companies Campaign, with the filing period for Corporate Income Tax opening on 1 July 2026. The campaign includes a dedicated webpage bringing together guidance, updates and support materials to help taxpayers complete their 2025 corporate income tax obligations. The campaign also covers Non-Resident Income Tax for permanent...
US President Donald Trump, on 26 June 2026, pledged to impose 100% tariffs on European countries that introduce new digital services taxes (DSTs) primarily targeting US-based companies. However, he made no mention of how he would legally enforce such duties. He said DSTs would be met with the full tariff response “right away,” independent of...
Italy’s Department of Finance has launched a public consultation on 22 June 2026 regarding a draft legislation implementing part of the EU Directive 2025/516 regarding VAT rules for the digital age (often referred to as ViDA). The proposed rules primarily cover the One-Stop Shop (OSS), Import One-Stop Shop (IOSS), and Single VAT Registration measures, affecting...
The UAE issued Ministerial Decision No. 96 of 2026 (MD 96/2026), on 22 June 2026, which formally adopts the most recent OECD interpretive materials for the UAE’s Qualified Domestic Minimum Top-up Tax (QDMTT) regime. It specifically adopts three main OECD packages: the 2026 Consolidated Commentary on the GloBE Model Rules, the 2026 Administrative Guidance/Central Record...